AB InBev: Apollo-led consortium to take 49.9% stake in unit

(CercleFinance.com) - A consortium led by Apollo Global Management plans to pay about 3 billion dollars for a 49.
9% stake in Anheuser-Busch InBev's US-based metal container plants.

For Apollo and its partners, a group of institutional investors whose names have not been revealed, the transaction presents an opportunity to invest in "high-quality assets" with long-term, stable cashflows alongside the world's biggest brewer, the New York private-equity firm said.

The deal, once completed, will also allow heavily-indebted AB InBev to generate proceeds to repay debt, in line with its deleveraging commitments, Apollo said.

Under its terms, AB InBev—which will retain operational control of its US-based metal container plants—will have an option to reacquire the minority stake five years after the close of the transaction, at pre-determined financial terms.

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